Bank of America Corporation (BAC-PB) Stock

About Bank of America Corporation

Bank of America Corporation, founded in 1784 and headquartered in Charlotte, North Carolina, operates globally through its subsidiaries. It delivers an extensive array of banking and financial products and services to a diverse clientele, encompassing individual consumers, small and mid-market businesses, institutional investors, large corporations, and governmental entities worldwide. Its Consumer Banking division provides a wide range of deposit accounts, including traditional and money market savings, certificates of deposit, and IRAs, alongside interest-bearing and non-interest-bearing checking accounts, and various investment products. This segment also issues credit and debit cards and offers diverse lending solutions such as residential mortgages, home equity loans, and direct or indirect consumer loans for vehicles (automotive, recreational) and personal use. The Global Wealth & Investment Management segment offers investment management expertise, brokerage services, banking solutions, trust and retirement planning, and comprehensive wealth management strategies, including tailored specialty asset management services. The Global Banking segment serves corporate and institutional clients with a full suite of lending offerings, such as commercial loans, leases, commitment facilities, trade finance, and both commercial real estate and asset-based lending. It also supplies treasury solutions for cash management, foreign exchange, short-term investing, and merchant services, coupled with working capital management solutions. Furthermore, this segment provides debt and equity underwriting and distribution, along with advisory services, including those related to mergers. Within the Global Markets division, services include market-making, financing, securities clearing, settlement, and custody. This segment also enables clients to manage risk using sophisticated financial products based on interest rates, equities, credit, currencies, and commodities derivatives, as well as foreign exchange, fixed-income, and mortgage-related instruments. As of December 31, 2021, Bank of America catered to approximately 67 million consumer and small business clients. Its robust infrastructure included roughly 4,200 physical retail financial centers, about 16,000 ATMs, and digital banking platforms actively utilized by approximately 41 million users.

Bank of America Corporation is headquartered in US.

Bank of America Corporation (BAC-PB) stock trades at $24.98 with a market capitalization of $348.93B. The stock is valued at a price-to-earnings (P/E) ratio of 13.97, price-to-book of 1.46, price-to-sales of 2.46. Over the past 52 weeks the stock has ranged between $24.52 and $25.78, and currently trades 3.1% below its 52-week high. It pays a dividend yielding 6.00%.

On profitability, Bank of America Corporation generates a return on equity (ROE) of 11.13%, return on capital employed of 1.41%, an operating margin of 24.70%, a net profit margin of 18.95%.

In its most recent fiscal year, Bank of America Corporation reported annual revenue of $191.6B, net profit of $30.5B, revenue has compounded at 15.4% a year over the last five years, profit at 11.3% a year.

The balance sheet shows a debt-to-equity ratio of 2.43 — a leveraged balance sheet worth monitoring, a current ratio of 0.07, total assets of $3.41T, $231.8B in cash and equivalents.

BAC-PB has an average daily trading volume of 94,524 shares, a beta of 1.18.

Official website: www.bankofamerica.com